Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
– Wells Fargo Financial Crimes Risk & Controls (WFCRC) is responsible for adherence to AML BSA / CDD policy execution across Commercial and Corporate Investment Banking groups. WFCRC programs ensure proactive identification, prevention, execution, detection and recovery.
About the Role
– This position is responsible to lead the Financial Crimes team that is responsible for conducting Know your Customer (KYC) Compliance process in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy within Wells Fargo India & Philippines office. The position reports jointly to the Head of CB & CIB in India and to Global Head of Financial Crimes Operations in the US. Incumbent is expected to manage highly matrixed organization and partner with business leaders across the enterprise.
Lead a team consisting about 400 professionals, with potential to go up, and working on various aspects of financial crimes risk & controls
Responsible for ongoing management of a risk-based financial crimes program across the business (es) or functional area with moderate to high risk and complexity.
Manages implementation of procedures, controls, analytics and trend analysis to ensure proactive identification, prevention execution, detection, investigation, recovery and government / internal reporting of financial crime activity.
Works with financial crimes management to develop and implement department policies / procedures to maximize efficiency and customer service and ensure compliance with government regulations.
Ensures compliance with regulatory requirements such as Bank Secrecy Act, USA PATRIOT Act, FACTA, etc.
Engage with business partners at a strategic level, including conceptualizing, agreeing and driving initiatives which add value to the business.
Focus on driving continuous improvement and innovation. Must be able to drive and demonstrate true results impacting business outcomes.
Build resiliency across process to ensure continuous operations and also manage operational risk by proactively identifying them and building robust internal controls.
Enhance overall performance of the team by leveraging operational performance metrics, historical results to drive efficiency and effectiveness.
Must have experience working with senior leaders across other functions such as technology, finance, strategy to drive results.
Effectively manage talent using the talent planning tools and coaching team members to operate at higher level of dimensionality.
Drive engagement culture and enable talent retention. Effectively use Rewards and Recognition to motivate staff and encourage performance.
Market Skills and Certifications
Required to have an higher level of degree in Business, Accounting or Finance
18 to 20 years of experience with strong subject matter expertise in financial crime operations, on-boarding KYC, periodic review & data quality exception, of which at least 5 to 7 years should be in a leadership role.
Experience in operational risk management processes and / or compliance and / or audit and / or regulatory programs with KYC Duties.
Thorough understanding of CIP/CDD/EDD requirements with exposure to regulatory controls in a financial services environment
Strong track record of building and successfully operating large functions / utility of financial crime operations
Strong track record of transformation, including experience in driving global projects which leads to change across business segments.
Knowledge and a broad background in Commercial and Corporate & Investment Banking vertical.
5 to 7 years in a GIC / GCC environment working in a matrix organization.
Adept at embracing changes and converting them into opportunities for the group.
Strong organizational and project management skills with demonstrated ability to manage expectations and deliver on commitments.
Strong executive presence with ability to engage / build relationship with senior leaders and influence outcomes.
Preferred location is Hyderabad / Bangalore
Other Qualifications –
Good to have AML / Sanctions Credential, ACAMS, CFE or CRCM designation
Leadership experience in a captive of international banks will be advantageous
Demonstrates a high degree of reliability, integrity, and trustworthiness in all areas
A seasoned, relationship-driven executive who will have the style and sensitivity to work within a highly complex business environment. Multi-cultural sensitivity a must.
Consultative in approach, understanding and anticipating business needs and proactively delivering solutions
Good understanding of Six Sigma, Lean, etc. and a track record of continuous improvement through usage of the above quality tools will be advantageous.
Leadership Expectations at Wells Fargo
As a Team Member manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:
Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Internal Number: 54526BR-1
About WELLS FARGO BANK
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo